Deborah Caniff - Lynnfield, MA Real Estate, Swampscott, MA Real Estate, Marblehead, MA Real Estate


A condo offers a great opportunity to enjoy a comfortable living space without the hassle of home exterior maintenance. As such, many property buyers are exploring condos in cities and towns nationwide.

However, buying a condo sometimes can be tricky, particularly for property buyers who are unfamiliar with the real estate market. Lucky for you, we're here to help take the guesswork out of purchasing a condo.

Let's take a look at three questions that condo buyers need to consider before they purchase a property.

1. Am I ready for condo life?

Owning a condo and owning a home are two very different things, and perhaps it is easy to understand why.

Like a homeowner, a condo owner has a property to call his or her own. But a condo community usually has a homeowners' association (HOA) in place that manages exterior maintenance and other tasks. This association also establishes rules and regulations that all condo owners must follow; otherwise, property owners may face fines.

Before you purchase a condo, it is paramount to prepare for condo life as much as possible. To do so, you may want to consult with friends or family members who have resided in condo communities over the years. These loved ones can share their condo living experiences with you to help you better understand what life will be like as a condo owner.

2. How much can I afford to pay for a condo?

Although you know that you'd like to purchase a condo, you still need to find out how much you can afford to pay for a property. Fortunately, banks and credit unions are available to help you determine how much you can spend on a condo.

Consult with several banks and credit unions to explore all of your home financing options. Then, you can select a mortgage that matches your expectations.

In addition, you may want to get pre-approved for a mortgage before you start your condo search. If you enter the real estate market with a budget in hand, you can narrow your condo search and speed up the property buying process.

3. Do I need to employ a real estate agent?

Ultimately, a real estate agent is a must-have for any condo buyer, at any time. This housing market professional can teach you the ins and outs of real estate and ensure that you can make an informed condo purchase.

A real estate agent strives to provide you with an outstanding condo buying experience. To accomplish this goal, he or she will work with you, learn about your condo buying goals and help you plan accordingly.

Furthermore, a real estate agent is unafraid to be honest. He or she will offer condo buying recommendations and suggestions as you check out a variety of properties. This housing market professional is happy to respond to your condo buying queries as well.

Streamline the process of buying a condo – consider the aforementioned questions, and you can move closer to acquiring an outstanding condo at an outstanding price.


This Condo in Stoneham, MA recently sold for $325,000. This Garden,Mid-Rise style home was sold by Debbie Caniff - Coldwell Banker Residential Brokerage.


100 LEDGEWOOD DRIVE, Stoneham, MA 02180

Condo

$329,900
Price
$325,000
Sale Price

4
Rooms
1
Beds
1
Baths
YOU HAVE FOUND YOUR NEW HOME @ THE MONTVALE in STONEHAM. MOVE RIGHT IN to this UPGRADED oversized 1 BEDROOM CONDO with a MASTER SUITE at THE MONTVALE. This Residence is a SUNNY 3rd Floor CORNER UNIT & has a very unique MASTER BEDROOM with a "bonus room" for whatever you desire. You will love the OPEN CONCEPT LIVING ROOM & DINING ROOM, with NEW CHERRY KITCHEN w/ GRANITE COUNTERS & STAINLESS APPLIANCES , REMODELED BATH TOO! HARDWOOD FLOORS THROUGH OUT. No need to worry about Laundry, there is a WASHER & DRYER in the Unit. Not fond of Rain, Sleet or Snow? Drive right in to the Underground Garage & into your DEEDED UNDERGROUND GARAGE PARKING space # 57. Storage is on the same floor as your unit. Great closet space too!. ELEVATOR in the Building. Enjoy sitting POOLSIDE in the summer too. Pet friendly for most small dogs & cats (only 1 pet per unit) . The MONTVALE is a VA APPROVED Community .




Purchasing a condo should be fast and easy. However, negotiations with a condo seller can quickly become stressful and may put your chances to acquire your dream condo in danger.

Lucky for you, we're here to help you simplify the process of negotiating with a condo seller to ensure you can purchase your ideal property.

Here are three tips to help you navigate tough negotiations with a condo seller.

1. Consider the Condo Seller's Perspective

Think about the condo seller's perspective and try to find common ground with this individual. By doing so, you and the condo seller may be able to agree to terms that meet the needs of both sides.

When you initially submit an offer on a condo, ensure your proposal accounts for the condo's condition and the current state of the real estate market. That way, you'll be able to avoid the risk of submitting a "lowball" offer that falls below a condo seller's expectations.

Also, maintain open lines of communication throughout the negotiation process. This will allow you to listen to a condo seller's concerns and respond accordingly.

2. Collect Plenty of Housing Market Data

If a condo seller believes you are unwilling to pay a sufficient price for his or her condo, it is always a good idea to present housing market data to back up your offer.

Explore the housing market closely to learn about the prices of comparable condos in nearby cities and towns. This will allow you to see how a particular condo stacks up against similar properties in terms of price and condition.

In addition, check out the prices of recently sold condos in your area to identify housing market patterns and trends. With this real estate market information at your disposal, you'll be able to make an informed decision about whether to continue to negotiate with a condo seller or consider other properties.

3. Collaborate with a Real Estate Agent

A real estate agent will negotiate with a condo seller on your behalf. Therefore, he or she will help you minimize the stress and anxiety that is commonly associated with condo negotiations.

Typically, a real estate agent will submit an offer on a condo and wait to hear back from a condo seller. If a condo seller decides to negotiate, a real estate agent will work with you throughout the negotiation process.

A real estate agent will listen to your condo buying concerns and questions and respond immediately. He or she also will provide honest, unbiased recommendations to help you make informed decisions during negotiations with a condo seller. This real estate professional will even share your concerns with a condo seller to help you get the best results possible.

When it comes to a negotiating with a condo seller, there is no need to worry. If you collaborate with a real estate agent, you can take the guesswork out of condo negotiations. And ultimately, you may be able to move one step closer to buying a condo that meets or exceeds your expectations.


This Condo in Peabody, MA recently sold for $398,000. This Townhouse style home was sold by Debbie Caniff - Coldwell Banker Residential Brokerage.


3903 Woodbridge Road, Peabody, MA 01960

Condo

$398,000
Price
$398,000
Sale Price

7
Rooms
3
Beds
2/1
Full/Half Baths
MOVE-IN READY and BEAUTIFUL condo just in time! This unit has one of the best private and expansive views in the complex! UPDATED and OPEN kitchen and dining area with sliders to a private deck. New stainless appliances. Hardwood in Living room & dining room. UPDATED baths! Freshly painted throughout in today’s colors! Four levels of living with lots of storage and closets. Second floor features 2 generous bedrooms, including a master suite with large closets, master bath, and a dressing area. Bonus Room/Bedroom on 3rd level. Walk out finished basement with full bath, all new carpeting, and French doors to a covered patio. Desirable, affordable, and well managed Huntington Woods with Club House, pool, and tennis courts. ONE CAR GARAGE! Pets allowed with restrictions. This home has the complete package! Don’t miss it!





3903 Woodbridge Road, Peabody, MA 01960

Condo

$398,000
Price

7
Rooms
3
Beds
2/1
Full/Half Baths
MOVE-IN READY and BEAUTIFUL condo just in time! This unit has one of the best private and expansive views in the complex! UPDATED and OPEN kitchen and dining area with sliders to a private deck. New stainless appliances. Hardwood in Living room & dining room. UPDATED baths! Freshly painted throughout in today’s colors! Four levels of living with lots of storage and closets. Second floor features 2 generous bedrooms, including a master suite with large closets, master bath, and a dressing area. Bonus Room/Bedroom on 3rd level. Walk out finished basement with full bath, all new carpeting, and French doors to a covered patio. Desirable, affordable, and well managed Huntington Woods with Club House, pool, and tennis courts. ONE CAR GARAGE! Pets allowed with restrictions. This home has the complete package! Don’t miss it!
Open House
Sunday
November 05 at 11:30 AM to 1:00 PM
Cannot make the Open Houses?
Location: 3903 Woodbridge Road, Peabody, MA 01960    Get Directions

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